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2. VA loans: What they are and how they work - AOL

   www.aol.com/finance/va-loans-200043770.html

   Key takeaways. VA loans are mortgages guaranteed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members and surviving spouses. VA loans can be used ...

3. VA loan pros and cons - AOL

   www.aol.com/finance/va-loan-pros-cons-180505984.html

   Lenders tend to charge lower rates for VA loans than they do on conventional loans, which means you can save a lot of money on interest in the long run, especially over a 30-year loan. VA home ...

4. Private mortgage insurance (PMI): What it is and how it works

   www.aol.com/finance/private-mortgage-insurance...

   VA loans don’t require PMI or any other type of mortgage insurance. PMI vs. MIP vs. MPI. PMI. PMI is a type of insurance that protects the lender should you default on your mortgage. It applies ...

5. VA loan - Wikipedia

   en.wikipedia.org/wiki/VA_loan

   PMI companies charge a fee to insure a mortgage loan; the VA insures a loan at no cost to a veteran buyer (other than the VA funding fee); the FHA charges a monthly fee to guarantee the loan. VA Loan application. The VA loan application is a standardized loan application form 1003 issued by Fannie Mae also known as Freddie Mac Form 65.

6. VA loan down payment: Definition and requirements - AOL

   www.aol.com/finance/va-loan-down-payment...

   With no down payment (or a down payment of less than 5 percent), the funding fee would be 2.15 percent of that amount, or $7,310. If you were to make a down payment between 5 percent and 10 ...

7. VA loans vs. conventional loans: What’s the difference? - AOL

   www.aol.com/finance/va-loans-vs-conventional...

   However, VA loan borrowers will need to pay a funding fee, a one-time charge ranging up to 3.3 percent of the loan amount. Conventional loans A conventional loan is the most popular type of mortgage .